An eight-storey building with commercial and residential units.
Description
Total area of the building is 24,425 m²
Area of retail premises is 6,063 m²
Area of offices is 6,735 m²
Area of residential premises is 3,632 m²
Area of storage premises is 1,881 m²
Other premises — 253 m²
Vacant area — 5,861 m²
The commercial center was built in 1987. In 2008–2012, the property was modernized.
The purchase price of the property includes a large car parking.
Absolute annual income is 1,344,468 €.
The current yield of 6.3%.
Financial performance with fully leased out area:
Absolute annual income is 1,893,000 €.
The current yield of 8.8%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
The broker's fee of 4%.
The commercial center is located in the central part of the city with the population of more than 100 thousand people, in the state of Lower Saxony. There are public transport stops and an entrance to the motorway situated in proximity from the property.
